Solana-based decentralized exchange aggregator Jupiter will carry out its “Jupuary” airdrop later today — distributing nearly 700 million JUP tokens ($616 million) to the community.
This comes after Jupiter released an eligibility checker for its users last week to check their status before claiming their rewards.
Jupiter is distributing its tokens based on user activity, with specific allocations for different types of users. The airdrop is structured to target two groups: “users and stakers” and key community contributors termed “Carrots and Good Cats.”
Among the category of users, 425 million JUP tokens are allocated for those who have engaged in token swaps on Jupiter, with distribution based on volume tiers.
75 million JUP tokens are set aside for those who staked JUP, with an additional bonus for consistent voters in governance proposals.
Jupiter concluded its first airdrop last year, where nearly 1 billion JUP tokens were handed out. Jupiter has plans for annual airdrops, with commitments to distribute tokens each January through 2027.
Jupiter has a circulating supply of 1.68 billion tokens out of a maximum of 10 billion, at a market cap of $1.48 billion. It changes hands at $0.88 — up 33% since its initial rollout in January 2024.
The platform, founded in October 2021 by “Meow,” consolidates liquidity from multiple decentralized exchanges on Solana and offers a perpetuals trading product.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
